Filing Flows › Appfolio (APPF) › Q3 2026
Appfolio (APPF) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 22, 2026
Appfolio (APPF) reported revenue of $296M for the third quarter 2026 (Q3 2026), +19% from a year earlier and +5% from the quarter before. Operating margin was 19.4%, net earnings $46.0M (15.5% of revenue).
Appfolio, Q3 2026: revenue $296M (+19% year over year), operating margin 19.4%, net earnings $46.0M, operating cash flow $96.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $296M | +5% | +19% |
| Operating profit | $57.4M | +8% | +64% |
| Net earnings | $46.0M | +11% | +37% |
| Operating cash flow | $96.8M | +10% | +13% |
| Free cash flow | $96.8M | +10% | +14% |
What changed
Revenue was $295.7M in Q3 2026, up 19% year over year and up 5% from the previous quarter. Value Added Services was the largest line at 78% of revenue. Value Added Services added $39.9M year over year (up 21%), 86% of the total change. Other declined 37%.
Operating profit was $57.4M, a 19.4% margin (up 5.4 points year over year). Of the extra revenue versus Q3 2025, 48% reached operating profit, above the 14% margin then. Total costs grew 11% against revenue growth of 19%. The fastest-growing cost line was Sales & marketing (+35%). Net earnings were $46.0M, up 37% year over year. The effective tax rate was 22.9%.
Operating cash flow was $96.8M (up 13% year over year), 210% of net earnings. Non-cash charges added back $5.0M of depreciation and amortization and $20.6M of share-based compensation. Working capital and other items added $25.2M. Capital expenditures of $14K left free cash flow of $96.8M.
Questions
What was Appfolio's revenue in the third quarter 2026?
Appfolio (APPF) reported revenue of $296M for the third quarter 2026 (Q3 2026), +19% from a year earlier and +5% from the quarter before.
Was Appfolio profitable in the third quarter 2026?
Operating profit was $57.4M (19.4% of revenue) and net earnings $46.0M.
Source: Appfolio 10-Q on SEC EDGAR.